Scouring the underbelly of the Russell 3000 index, we witnessed an Earth-shaking surge in options trading volume today in Advanced Micro Devices Inc (Symbol: AMD). A mind-boggling total of 661,007 contracts have traded so far, which equates to approximately 66.1 million underlying shares – a seismic 75.7% of AMD’s average daily trading volume over the past month of 87.4 million shares. The fervor reached a fever pitch with the $180 strike call option expiring February 16, 2024, as 91,515 contracts exchanged hands today, representing a whopping 9.2 million underlying shares of AMD. This is a graphical representation of AMD’s tumultuous trailing twelve-month trading history, with the $180 strike highlighted in orange:

In a not-so-subtle echo, Micron Technology Inc. (Symbol: MU) echoed this frenetic activity with options trading volume of 103,032 contracts. This represented approximately 10.3 million underlying shares or about 74.7% of MU’s average daily trading volume over the past month, which stood at 13.8 million shares. Adding to this crescendo, the $85 strike call option expiring April 19, 2024, was particularly hot, as 19,555 contracts traded hands today, accounting for roughly 2.0 million underlying shares of MU. Here’s a visual depiction of MU’s roller-coaster trailing twelve-month trading history, with the $85 strike likewise highlighted in orange:

Not to be outdone, Bloom Energy Corp (Symbol: BE) added its own flair to the intricacies of options trading. Their options trading volume clocked in at 35,150 contracts, representing roughly 3.5 million underlying shares or approximately 71.4% of BE’s average daily trading volume over the past month, which was pegged at 4.9 million shares. Commandeering the spotlight, the $5 strike put option expiring January 17, 2025, saw a substantial 5,230 contracts being swapped today and representing about 523,000 underlying shares of BE. The tumultuous symphony of trading can be witnessed in this visual rendering of BE’s convoluted trailing twelve-month trading history, where the $5 strike takes center stage in a vibrant shade of orange:

For a comprehensive overview of the multitude of available expirations for AMD options, MU options, or BE options, eager traders can make a pitstop at StockOptionsChannel.com.

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